Klarna Well Positioned to Handle Crisis

Klarna CEO Sebastian Siemiatkowski gives a daily update each day on how the company is doing during the crisis and so far the company has yet to see a big impact; the company raised $460mn last year and has a healthy balance sheet with a capital ratio of 28 percent; Klarna’s capital ratio is better than most Swedish banks who are considered the best capitalized banks in Europe; the company is also well positioned to benefit from retailers who are looking to shut brick and mortar locations while beefing up their online presence; Klarna has come under some fire for their credit practices but have announced tightening since the crisis started and a new law in Sweden removes the credit offering as a default option. Financial Times

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